LAND AND INVESTMENT IN THE LAND JV (Tables)

12 Months Ended

Dec. 31, 2019

LAND AND INVESTMENT IN THE LAND JV

Summary of land and development costs

	December 31,
	2019		2018
Land and Development Costs	$	6,068,810	$	5,001,795
Land, Timber, and Subsurface Interests		663,481		623,050
Total Land and Development Costs	$	6,732,291	$	5,624,845

Schedule of components of real estate operations revenue

	2019		2018		2017
Revenue Description	($000's)		($000's)		($000's)
Land Sales Revenue	$	10,975	$	41,452	$	45,471
Revenue from Reimbursement of Infrastructure Costs		—		1,556		1,860
Agriculture		68		23		335
Total Real Estate Operations Revenue - Discontinued Operations	$	11,043	$	43,031	$	47,666

	2019		2018		2017
Revenue Description	($000's)		($000's)		($000's)
Impact Fee and Mitigation Credit Sales		—		1,338		2,126
Subsurface Revenue		748		1,625		3,048
Fill Dirt and Other Revenue		104		3		17
Total Real Estate Operations Revenue - Continuing Operations	$	852	$	2,966	$	5,191

Schedule of lease payments on respective acreages and drilling penalties received

	Acreage
Lease Year	(Approximate)	Florida County	Lease Payment (1)		Drilling Penalty (1)
Lease Year 1 - 9/23/2011 - 9/22/2012	136,000	Lee and Hendry	$	913,657	$	—
Lease Year 2 - 9/23/2012 - 9/22/2013	136,000	Lee and Hendry		922,114		—
Lease Year 3 - 9/23/2013 - 9/22/2014	82,000	Hendry		3,293,000		1,000,000
Lease Year 4 - 9/23/2014 - 9/22/2015	42,000	Hendry		1,866,146		600,000
Lease Year 5 - 9/23/2015 - 9/22/2016	25,000	Hendry		1,218,838		175,000
Lease Year 6 - 9/23/2016 - 9/22/2017	15,000	Hendry		806,683		150,000
Lease Year 7 - 9/23/2017 - 9/22/2018	15,000	Hendry		806,683		50,000
Lease Year 8 - 9/23/2018 - 9/22/2019	15,000	Hendry		806,684		150,000
Total Payments			$	10,633,805	$	2,125,000